News Archive
ExxonMobil Announces Acquisition of Denbury
July 12, 2023 - Exxon Mobil Corporation (NYSE: XOM) today announced it has entered into a definitive agreement to acquire Denbury Inc. (NYSE: DEN), an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery. The acquisition is an all-stock transaction valued at $4.9 billion, or $89.45 per share based on ExxonMobil...
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The Avera Cos. developing 484K-SF spec distribution center on Grand Parkway in Baytown
June 22, 2023 - Another distribution center is being built in Baytown.Houston-based The Avera Cos. has broken ground on Kilgore Grand Parkway, a 484,424-square-foot cross-dock warehouse building on the corner of Grand Parkway at Kilgore Parkway.The office and industrial real estate developer, with equity partner AEW Capital Management, acquired the roughly 34-acre...
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Mayor talks mall at Rotary Club of Baytown
May 31, 2023 - What about the mall? That was one question Baytown Mayor Brandon Capetillo took time to address at Wednesday’s State of the City address at the Rotary Club of Baytown. Capetillo said one answer to what is happening with the former San Jacinto Mall site was...
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TAB Celebrates: HB 5 Is On Its Way To The Governor’s Desk
May 28, 2023 - As the Texas State Chamber, The Texas Association of Business (TAB) today released a statement thanking the Senate and House conferees for passing CCR for HB 5:“Texas' reputation as the top state for economic development has been further reinforced by HB 5,” said TAB CEO Glenn Hamer. “The...
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Troon selected to manage T-36 at Baytown
May 20, 2023 - Troon®, the leader in providing golf and club-related leisure and hospitality services, is pleased to announce it has been selected to manage T-36 at Baytown, an innovative double-loop 18- hole golf course and restaurant currently under development in Baytown.Troon Golf, the resort and daily-fee division of Troon will...
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Bayland Hyatt Regency opens its doors
May 18, 2023 - The much-anticipated Hyatt Regency Baytown-Houston hotel and convention center is now open for business. Many dignitaries gathered for a special ribbon-cutting ceremony to celebrate the hotel’s soft opening. The event was held Thursday under a pleasant blue sky with very few clouds. Alexander Dantes, Hyatt Regency...
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Incentivizing Innovation in Baytown and Chambers County
May 18, 2023 - For years, the energy industry has been an important part of the Baytown and Chambers County economy. These projects provide good paying jobs, stimulate investments into local businesses and provide tax revenue to help fund our local schools, emergency responders and community projects. We are excited to see two...
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New name for West Chambers County’s Chamber of Commerce
May 17, 2023 - As the West Chambers County Chamber of Commerce prepares to celebrate its 40th anniversary next year, the board of directors has unanimously voted to move forward with a new name: Mont Belvieu Area Chamber of Commerce.“This is an exciting time for our Chamber. We have discussed the idea...
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Port Houston Sees Surge in Container Exports
May 15, 2023 - As U.S. imports continue to come in well below last year’s records, Port Houston has announced that its container exports are surpassing historic volumes seen in 2022, signaling strong growth in the region.Loaded exports, particularly driven by the demand for resin exports, have increased by...
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Magellan Midstream Partners to be acquired by fellow Oklahoma company in $18.8B deal
May 14, 2023 - Tulsa, Oklahoma-based Magellan Midstream Partners LP (NYSE: MMP), a master limited partnership with significant operations in the Houston area, is being acquired in a deal worth approximately $18.8 billion, including assumed debt.Oneok Inc. (NYSE: OKE), also based in Tulsa, will pay $25 in cash and 0.6670 shares of its common stock for...
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